Abstract

Extracted from text ... IMFO ? Summer 2005 10
Anyone operating an entity will be
aware of the burden of increased
regulation, resulting from a
combination of globalisation of
economic markets and government's
desire to address issues arising from
recent corporate collapses. The
resulting changes to standards of
financial reporting and auditing affect
the private and public sector alike.
As regulator of the auditing profession
in South Africa, the Public
Accountants' and Auditors' Board
(PAAB) is conscious of the impact the
increased requirements of these
standards have on administration
costs of all businesses.
In the private sector there are moves
to introduce 'differential ..